Edgewell Personal Care Co (EPC)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,271,400 | 2,251,600 | 2,254,400 | 2,228,200 | 2,177,500 | 2,171,700 | 2,178,000 | 2,127,900 | 2,099,500 | 2,087,300 | 2,032,900 | 1,943,100 | 1,946,800 | 1,949,700 | 1,988,900 | 2,114,200 | 2,137,900 | 2,141,000 | 2,150,400 | 2,161,800 |
| Property, plant and equipment | US$ in thousands | 333,500 | 337,900 | 339,800 | 342,300 | 348,600 | 345,500 | 347,800 | 355,400 | 356,600 | 362,600 | 358,100 | 360,900 | 368,900 | 370,900 | 366,300 | 372,000 | 384,800 | 396,000 | 400,700 | 402,600 |
| Fixed asset turnover | 6.81 | 6.66 | 6.63 | 6.51 | 6.25 | 6.29 | 6.26 | 5.99 | 5.89 | 5.76 | 5.68 | 5.38 | 5.28 | 5.26 | 5.43 | 5.68 | 5.56 | 5.41 | 5.37 | 5.37 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,271,400K ÷ $333,500K
= 6.81
The fixed asset turnover ratio of Edgewell Personal Care Co has been consistently strong and improving over the past few quarters. From Q2 2022 to Q1 2024, the ratio has increased from 5.99 to 6.81, indicating that the company is generating more revenue relative to its investment in fixed assets.
A fixed asset turnover ratio above 1 suggests that the company is effectively utilizing its fixed assets to generate sales. Edgewell's ratio has been consistently well above 1, which is a positive sign of operational efficiency and effective asset utilization.
The upward trend in the fixed asset turnover ratio indicates that the company is becoming more efficient in generating revenue from its fixed assets over time. This trend may be driven by improvements in operational efficiency, better asset utilization, or increased sales volumes.
Overall, a high and improving fixed asset turnover ratio for Edgewell Personal Care Co suggests that the company is effectively managing its fixed assets to generate sales, which is a positive indicator for investors and stakeholders.
Peer comparison
Dec 31, 2023